NOT LISTED FOR SALE

557 Garden Lake Rd Ely, MN 55731

Estimated Value: $354,593 - $942,000

2 Beds
1 Bath
2,112 Sq Ft
$317/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $109,900 $52 Per Sq Ft

Est. 509% increase in value since last sale

Current estimated payment $3,764/month

95 Days on Market

Highlights

  • Heated Floors
  • Loft
  • Double Pane Windows
  • Ranch Style House
  • 1 Car Detached Garage
  • Woodwork

About This Home

As of October 2016

Well insulated, newer 2 bedroom home on 3.1 acres. The home has 2’ x 6’ construction; in-floor heat and a highly efficient soap stone wood heater. Open floor plan. There is a drilled well that is piped into the home. All the piping is installed to accommodate the addition of a septic system. The exterior is finished with maintenance free siding. Lots of wildlife and deeded access to Garden Lake. This home is priced to sell quickly. The 3.5 adjoining parcel could be purchased separately.

Last Agent to Sell the Property

Doug Furnstahl

Bear Island Land Co., Inc Listed on: 04/28/2016

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $638

Year Built

  • Built in 2001

Lot Details

  • 3.1 Acre Lot
  • Many Trees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2 Bedrooms
  • 2,112 Sq Ft Home
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Loft
  • Heated Floors
  • Range
  • Property Views

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Storage Shed
  • Outhouse

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Electric Water Heater
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number part of 28-6385-02110

Home Details

Home Type

Single Family

Est. Annual Taxes

$638

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 east to the Kawishiwi Trail. Turn right and follow to the Garden Lake Road. Turn left onto Garden Lake Road and follow to the property. Just past the Osprey Road.
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 52.04
  • Property Sub-Type: SF/Detached
  • Tax Year: 2014
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Natural Woodwork, Foyer Entry
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2112
  • Garage Type: Detached
  • Heat: In Floor, Wood
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Year Built: 2001
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 1240
  • Basement Style: Slab
  • Bathroom Description: None
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Loft
  • Stories: 1.25 - 1.75 Story
  • Total Fin Square Footage: 2112
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Double Glazed

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 1

Utilities

  • Power Company: Lake Country Power
  • Sewer: None, Outhouse
  • Water: Private

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2016-04-28
  • Estimated Lot Dimensions: Irregular
  • Estimated Number of Acres: 3.1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy
  • Parcel Number: part of 28-6385-02110

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2016
Closed on
Oct 14, 2016
Sold by
Doppelhammer Roger Roger
Bought by
Peterson Kevin Kevin
Seller's Agent
Doug Furnstahl
Bear Island Land Co., Inc
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$109,900
Sold Price
$109,900
Current Estimated Value
$669,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$559,248
Avg. Annual Appreciation
19.71%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Peterson Kevin Kevin $109,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2016 10/19/16 Sold $109,900 0.0% $52 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $109,900 -- $52 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,504 $342,800 $55,200 $287,600
2024 $995 $315,600 $52,200 $263,400
2023 $996 $303,100 $52,200 $250,900
2022 $1,196 $278,400 $52,200 $226,200
2021 $763 $189,400 $49,500 $139,900
2020 $882 $131,900 $27,300 $104,600
2019 $883 $131,900 $27,300 $104,600
2018 $1,515 $145,900 $31,300 $114,600
2017 $722 $152,200 $28,100 $124,100
2016 $977 $160,600 $56,000 $104,600
2015 $1,112 $160,600 $56,000 $104,600
2014 $1,112 $0 $0 $0
2013 $555 $0 $0 $0
2012 $440 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Doug Furnstahl

    Bear Island Land Co., Inc

  • C

    Buyer's Agent in 2016

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    148 Total Sales

    Chris Eilrich
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6021883

APN: 28-6385-02110

Minnesota Lake County Ely 55731

557 Garden Lake Rd, Ely, MN

This home is located at 557 Garden Lake Rd, Ely, MN 55731 since 28 April 2016 and is currently estimated at $669,148, approximately $316 per square foot. This property was built in 2001. 557 Garden Lake Rd is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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